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Forum Post: Save/Protect your private/personal retirement funds/assets. You do have at least this much control.

Posted 2 years ago on Feb. 2, 2012, 2:05 p.m. EST by DKAtoday (24970) from Coon Rapids, MN
This content is user submitted and not an official statement

Withdraw from the stock market 401 and place your assets in a not for profit credit union. Get out of the stock market altogether.

Protect your future while the stock market runs wild.

If sanity responsibility accountability and sound investing return to the stock market. You can return to investing that way at that time.

42 Comments

42 Comments


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[-] 1 points by toukarin (488) 2 years ago

Land and Gold, two things they cant readily make more of. Even if the returns may not appear to be great, they dont lose value, and gold cannot be devalued.

I keep a good chunk of my savings in the form of gold. Ironically, it was my best performing investment in the years post 2003.

Prices are riding a bit too high for me to put any more money into it now, but with the Eurozone in dire straits, I think gold prices could start rising again soon...

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

I've seen that bubble burst before. What ever you have in gold I hope it is in hard currency. Because after the pop, you will still have something to show for your investment.

[-] 1 points by toukarin (488) 2 years ago

Bullion has always been the way to go, certificates wont mean squat if push comes to shove.

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

That is why most investors are screwed, the cert is all they will ever have if and I say "IF" they even have that.

[-] 1 points by toukarin (488) 2 years ago

Yep, I try to tell anyone I know with a cert to get actual bullion instead.

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

But you see. That is what is exactly wrong with wallstreet/stock market, you receive nothing you have no ownership of anything. It is all electronic tiddlywinks. Buy real product and have it in your possession and whether it is up or down today or tomorrow you have it. No one is sending you a statement saying that you lost everything.

[-] 1 points by toukarin (488) 2 years ago

Stocks and such... are gambles for the most part... and because so much of our economy is now (unfortunately) based on financial services (or electronic tiddlywinks)... there is no way to completely escape them...

The way I was brought up was to trust no one else with my money. Stocks by themselves are fine... its all these derivatives and such... very intangible... very risky...

My rule of investment is simple, if I cannot fully understand how a system works and makes money, I will not invest in it.

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

That is why I am strongly urging the average American to pull their money out and place it somewhere safe. Because they are just not equipped to handle it and their portfolio manager may or may not allow them to keep their bulk assets in insured bonds or in blue chips ( which are expensive and slow growing ) as the portfolio manager wants to move money around and earn more fees.

[-] 1 points by oakwasenuf (66) 2 years ago

You obviously don't know much about investing

[+] -4 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

I know more now than I did before. Most Americans know little to nothing about investing and that is why they depend on a reputable fund manager.

Good luck finding one of those - note the meltdown and junk being given a triple A rating right up until the crash.

[-] 0 points by oakwasenuf (66) 2 years ago

I dunno about that....I pick my own stocks. 100 sh here, 100 sh there and have done pretty well. Getting better than the 1/4 % my credit union is paying.

Would never pay someone to manage my investment money. If they were that smart, they wouldn't be working as fund managers or investment advisors.

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

Whose ratings do you trust, or do you just go by hunch and your own research?

[-] 0 points by oakwasenuf (66) 2 years ago

My own research and consumer preference, if you will. I shop AMZN and made a killing (tho could have been bigger if I held out longer). Have avoided banks on principle and have pd the price....citi and boa are coming back, but oh well. Intel. Leader in chips and a nice (3%) diividend. Ruger (gun maker) has been my best by a long shot, but that's cuz I am a gun person and am aware of the popularity of their latest offerings in the last few yrs. I also watch the Nightly Business Report on PBS every day!!!!

Oh, I dont pay attention to ratings

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

Go with your strengths. But understand you are unique in yourself. Others do not necessarily have your same insights.

[-] 0 points by oakwasenuf (66) 2 years ago

Thanks, but that's what makes me nervous about bringing wall st down or taxing traders. When I say I hit it big...I am talking $500+....Rgr got me almost $3000. That;s big time to me. The 99% DOES have little investors among it!

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

I have no problem with wallstreet per say. What I have a problem with is their dealing junk and giving it a triple A rating.

[-] 1 points by zoom6000 (430) from St Petersburg, FL 2 years ago

Under the matters the way to go

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

I mean how else do we immediately meet out punishment while protecting ourselves? We need to regain government ( before punishment comes from that direction ) and that will take time effort and a lot of work.

Transferring funds can be immediate.

[-] 1 points by monarch (-5) 2 years ago

OWS is on life support and about to have the plug pulled

[+] -4 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

Whatever SFB.

In case you are confused: Sh-- F-- Br----

Need more help? --it -or -ains.

[-] 1 points by Mooks (1985) 2 years ago

What kind of return would you get at a credit union? Would it even keep pace with inflation?

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

Does the return really matter? My 401 never had that great of a return, but prior to yanking it I lost 30,000.00 practically overnight. The thing is, you still get a tax break for retirement contributions and the money is not being gambled. Check on line for your local Credit Union and discuss with them.

[-] 1 points by Mooks (1985) 2 years ago

Yes, I would say the return matters when discussing an investment. I think that is pretty obvious.

I checked the website of the credit union I have my car loan through and their best savings rate is 0.9%. No thanks.

And by yanking your money out after that big loss, you likely missed out on regaining most, if not all, of that back. Even after that massive drop in 2008 it returned to pre-crash levels by the end of 2010.

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

No that was 2008 and just the beginning of the big dump. If I had waited I would have lost nearly everything I had put towards retirement.

[-] 1 points by Mooks (1985) 2 years ago

The S&P was at a high of about 1550 in 2008, right now it is 1325. How is that loosing everything?

[+] -4 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

You do not take into account the drop prior to the beginning of recovery. And it is just as much of a crap shoot today, as no significant reform has been enacted.

[-] 1 points by Mooks (1985) 2 years ago

You do not take into account the fact that the last drop prior to recovery was regained in 2 months.

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

With whose money allaying fears of the world market? Where did the money come from? Why? Would it be to stop a run on the Banks like what happened in the Great Depression. Is That why this will be known as The Great Recession? If that is we continue in recovery?

[-] 1 points by Mooks (1985) 2 years ago

You know you can always short the market if you are so convinced the market will plunge. Things like ETFs now make it easy for anyone to make money in a down market.

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

Do you think the average 401K individual is going to be spending a lot of time following and forecasting the market?

[-] 1 points by Mooks (1985) 2 years ago

No, not at all. You sure seem convinced though to settle for a return that will likely fail to keep up with inflation.

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

Does not matter if it does not go down the toilet.

[-] 0 points by ZenDogTroll (13032) from South Burlington, VT 2 years ago

I did that a long time ago.

[+] -4 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

More people should.

Just because it makes sense to us ( common sense ) does not mean that others even see it.

I'll probably be a little sporadic in my reply's as I am just starting to watch the PBS mini-series on the Prohibition.

[-] 1 points by ZenDogTroll (13032) from South Burlington, VT 2 years ago

I believe that Eliot Ness, in conjunction with other political realities of the day, brought about the end of prohibition - and that without the demonstration that prohibition was in fact enforceable it might not have.

[+] -4 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

You mean "not enforceable"? This has a corollary to the drug war today, and is why I think they ( PBS ) are airing it.

[-] 0 points by ZenDogTroll (13032) from South Burlington, VT 2 years ago

Eliot Ness busted Capone

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

The good old days of black and white and very little gray. Go get'em Boys.

[-] 1 points by ZenDogTroll (13032) from South Burlington, VT 2 years ago

LoL

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

I know.

It is funny and sad.

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

While considering whether or not to protect your future. Take part in ending corporate personhood. Sign a petition and pass it on.

Petition from CREDOACTION to end Corporate person-hood.

http://act.credoaction.com/r/?r=745043&id=34439-4904244-%3DMldmHx&t=7

[-] -3 points by DKAtoday (24970) from Coon Rapids, MN 2 years ago

Since the 99% don't have much money it won't be missed.

Right?

Let the corrupt and obscene support their casino ( stock market ).